On January 10, Winchester Pet Supplies orders fifty small dog collars from Quality Collars, Inc to be delivered by January 15. On January 13, Quality Collars tenders fifty large dog collars. Winchester Pet Supplies rejects the shipment. Quality Collars has?
A)?no right to cure
B)?until January 15 to cure.
C)?until the end of the business day on January 13 to cure.
D)?unlimited time to cure.
B
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When the owner withdraws cash from the business:
a. the Cash account is debited. b. the Cash account is credited. c. the owner's Capital account is debited. d. the owner's Drawing account is credited. e. the owner's Capital account is credited.
Which of the following is generally true about exculpatory clauses?
A) They are not valid with respect to intentional acts. B) They are not valid for ordinary negligence. C) The test is if they are reasonable in time, scope, and geographic area. D) They are usually found to be invalid.
________ means that the marketing mix is distinct from what is available from a competitor.
A. Differentiation B. Operational C. Competitive D. Diversification E. Visible
Sid burned his own warehouse in an attempt to collect on a fire insurance policy. Sid has committed A) arson since he maliciously used fire to damage or destroy personal property
B) larceny since he committed an act intended to wrongfully obtain money from his insurance company. C) a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person. D) an intentional tort, but not a crime since a person has a right to destroy his own property.